Agenda - 1-4-16 Reg. Meeting - Laserfiche WebLink

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005 The first hearing was to consider refinancing of 2006 Certificates of Participation. Finance Director Lisa Minter stated that according to Section 160A -20(g) of the North Carolina General Statutes, the County is required to hold a public hearing on the proposed refinancing of the County's 2006 Certificates of Participation. Proposed annual savings to the County will be approximately $111,000. The Board will be asked to approve various documents pertaining to the refinancing project after the public hearing. Chair Dalrymple opened the public hearing that had been advertised for this qft and time. No one present spoke for or against the refinancing project referenced Chair Dalrymple closed the public hearing. Commissioner Smith moved to approve a Resolution Approving and Authorizingrecution and Delivery of an Amendment Number Three to the Installm ancing ContractrndRelated Documents in Connection with the Refinancing of Certain In llment Financing Obligations of the County, a copy of which is attached to these Minutes and by refere made a part hereof. Upon a vote, the results were as follows: Aye: Dalrymple, Frazier, Knecht, Oldham, Reives, , and Smith Nay: None The Chair ruled the motion had been add unanimously. The second public hearing involved the"'�lose' fir# 011 Community Development Block Grant (CDBG) Program. Community Developmt nag ein Kennedy stated that as part of the project administration process for the program, a blic hearing must be held at closeout time. The purpose of the hearing is to re -open the project to'rrect a procedural detail which occurred after the project closed and allow citize an opportunity maI mments. Based on a letter received from the Department of Commerce BG Program o e the project must be re -opened due to an error in the county's requisitio umbe 4. Commerce has approved to re -open the grant in order for the county to draw down en 896.35 , f grant funds. The county must submit a requisition to draw down funds in the a ` county will also have to submit a revised closeout packet, affidavit of publication and pr certified minutes of the public hearing. The grant will close with the revised required closeout docu tion. opened the public hearing that had been advertised for this date and time. int o one prese" poke for or against the closeout of the 2011 Community Development Block Gr nt am as pre ted. closed the public hearing. Commiioner Reives moved to approve the Closeout Performance Report for the 2011 Community Development Block Grant Program, a copy of which is attached to these Minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Dalrymple, Frazier, Knecht, Oldham, Reives, Sloan, and Smith Nay: None The Chair ruled the motion had been adopted unanimously. 4